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Below is an Interesting article I found, which says that.....Do not
; C! ~2 {& I3 @# h" v* d1 d t0 \8 zexpect much from Crude Oil producers and future is not with the % ~7 h8 x: p& J+ Z. B4 T! R+ A
companies producing Jet fuels but Biofuels. Also no wonder if some of
/ m: w/ O( Y# G' o( {% A6 rthese oil producer will go bankrupt or out of the business even if
% r5 Y k3 M- L7 \9 ^crude prices improves. This implies also to good names such as Shell,
J7 q9 n$ U$ r; V+ LEXXON, BG, BP, Cheveron ....xyz.. oils
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& w. ]0 D( i, DRecently OPEC reduced crude oil production twice over just a few . n( `+ c" E! h
months. There are three wars going on in Gaza, Iraq and Afghandistan.
) S6 k9 Y( r/ xA year ago these things would have spiked the price of crude oil by at
) u( B/ x) K& wleast $50.00 per barrel. Today, oil price declined by a record amount.
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1 b7 h5 T8 ?6 |1 y% n4 aThere are several reasons the price of oil is decreasing in the face
( X$ k, o& ~. s& _2 V) qof so much news. These reasons are:
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1. New oil has been found in Canada, Montana, North & South Dakota and
; }" ^/ z# T9 t5 C. vin the ocean near Brazil. Each of these oil fields has more oil than
1 ^ [: y2 [$ T+ ]# TArabia. * j1 ~& s" P% e. f) L, b
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2. New natural gas has been found in Pennsylvania and West Virginia.
7 i! S9 Q C* J4 {This is the largest find in North America. m# `2 {6 ?8 {2 X" Q4 K. O
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! ~0 V+ B7 U9 F' e4 j' q3 u: x$ v# o3. New methods of injecting CO2 and surfactants into oil wells is * k3 }: N. a% P$ y
being used to double their output. 6 }- ], Y1 z, a$ H# } c0 l
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4. Production of bio-fuels is beginning to reach critical mass. Bio
; ~* B5 `& ]% ~; e8 u- F! Afuel is being produced from many plants and algae. The production
# N9 N! d$ a q3 Y8 E+ k; E4 y& L5 {potential per acre in some cases is astounding. Many countries are 4 p q# f# s9 M. i
racing to produce bio fuels.
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- p) v9 B9 v% q5. Virtually every restaurant in the US and all food processing plants
+ _# G& A) h2 e5 ], f* @: d: ^are now selling their used oil to bio-diesel producers. Every pork,
) }. B7 p1 m j8 y" B) d- Xcattle, turkey and chicken processing plant will soon sell their fat 4 o0 H' e2 B2 r* y
to bio-diesel producers. One pork processing plant in Oklahoma is
$ r8 w. u: @- C' H Lproducing 30,000 gallons of bio-diesel per day from pork fat. ( c8 ?4 }( G' _6 E
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- o. Z: `: m9 w* ]+ N% e% h' k6. There are 99 nuclear reactors in various stages of planning and 5 [9 s& j7 K& i+ f- r
construction around the world at this time. Several hundred more are
& }4 y3 A2 R5 P* d& e5 [expected to be built in the future. Much of the energy they produce
( D/ C6 v @; B1 @! f5 A5 R/ Xwill replace oil.
% E7 K* A6 ]' K2 G; R4 ~+ j# J0 y. p6 q! H$ V
& T# A- d8 p- m: d8 V9 C$ K0 q! C; S7. Every company in any form of transportaion business is replacing
6 n M) x) i+ k8 [9 j J0 N6 G* ?older equipment such as trucks, airplanes, train engines, ships, etc.
9 ?6 U$ O" B9 gwith new more fuel efficient equipment. Airlines and railway companies . @( O: h6 I/ {6 d
are experiencing 20% to 25% better fuel econony with the new 6 r; ~/ R! c, g+ S/ b
equipment. ) V. R; n% H j) \7 c3 P7 N3 _; }
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Airlines are flying airplanes with bio-fuel. They are finding the bio- 5 D8 n% {+ y7 S4 t
fuel is cleaner and performs better than jet fuel.
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; x' z, k* q" A: ^% {) Z. s7 h# A6 ?8. Cities and counties throughout the US are selling the rights to
# |! t. n e& D' w& m8 V, O. ]capture methane gas from landfills. This is a huge source of gas
* d3 T9 Z8 s' t4 p- e7 T+ D; Yavailable at very little cost or risk. The gas is displacing crude 2 a* p! G% |' v8 S$ I
oil. 2 S/ m: Z! y) D$ t: G
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9. Coal is being transformed into a clean burning liquid fuel. The CO2
. ~7 W; I4 c4 ]produced as a byproduct is sold to oil companies for injection into
! C7 p% x1 x) c4 t; ooil wells. . G4 s" V6 I! k6 F9 H0 `
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- S; _$ e- I9 l3 Y# o3 {9 R5 [10. Solar, wind and ocean energy is displacing oil as an energy 0 {* v& M1 u q. g! n* c4 a
source. Three new wind turbines are being erected every day in the US. + `# q# F' | A
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0 @: A2 i3 Y: u" k9 r/ S# {Each of the above by itself will not make a large difference in the / ~6 c! |4 F, Y' Z8 [6 c% M
price of crude oil but the sum of all of them together is world 6 }) P0 w* o& r# \/ T/ T4 A
changing. The important thing is that OPEC no longer has the ability # t3 @/ ~) J! p0 K1 D
to control oil prices.
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6 ~4 L6 d- B$ YWith the above scenario, I still believe that there are under 4 P$ C$ n+ A4 T; J( S) [7 n: P4 h
performed OIL companies and probably they are yet to get the justified & \3 l% [! Q }5 |" O6 i
value ..... - X- u% j# ^. P4 E1 ?
IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... - [% y/ w( d2 C5 G, r
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8 m9 k) N Q3 l( y4 t/ N- x0 DThe above articles are from WSJ .............PUBLISHED ON 9TH JAN 1 d7 I* c+ k# R* o4 E$ i
2009 ... FYI-Only |
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发表于 2009-1-13 18:58
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